Cryptocurrency not a risk to world financial stability – G20

The body that coordinates financial regulation for the G20 countries, Financial Stability Board has refused calls from member-states to adopt global cryptocurrency rules. “The FSB’s initial assessment is that crypto-assets do not pose risks to global financial stability at this time,” its Chair Mark Carney said in a letter to central bankers and finance ministers, Reuters reported.

G20’s global watchdog, FSB does not consider cryptocurrencies a risk to financial stability.

However, there is going to be a meeting scheduled to hold today in Argentina, where Representatives from G20 countries are expected to meet. Statements in several member-states suggested that crypto regulations would be on the agenda of the summit.

Well, we’ll be on guard to bring you the conclusion from their meetings as to whether there should be a global regulations on CryptoCurrency or not. Subscribe so you’ll be among the first to get the latest crypto news.

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